• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
FinanceAI
Europe

The CEO of one of the world’s biggest media companies just said A.I. is making some journalists obsolete as he plans staff cuts

Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
Will Daniel
By
Will Daniel
Will Daniel
Down Arrow Button Icon
March 1, 2023, 12:23 PM ET
Mathias Döpfner, CEO of Axel Springer SE, speaks in an interview with journalists from the Deutsche Presse-Agentur.
Mathias Döpfner, CEO of Axel Springer SE, speaks in an interview with journalists from the Deutsche Presse-Agentur.Kay Nietfeld—picture alliance/Getty Images

It’s starting to look like ChatGPT and its A.I. ilk are going to change digital journalism the way the internet changed the printed newspaper. This week, Mathias Döpfner, the billionaire CEO of German media group Axel Springer—which owns German newspapers Bild and Welt as well as Politico and an 88% stake in Insider, among other properties—said he believes his company’s future lies in A.I. In an internal memo to employees seen by multiple outlets, he announced “significant” job cuts in “production, layout, proofreading, and administration” and warned journalists that the burgeoning tech might take their jobs.

“Artificial intelligence has the potential to make independent journalism better than it ever was—or simply replace it,” he wrote, the Guardian reported Tuesday.

Döpfner argued that A.I. will be able to aggregate information for breaking news stories faster than any human ever could, which will make many journalists’ positions obsolete. The news comes after Buzzfeed announced last month that it plans to begin using A.I. systems to create content including quizzes and short stories for subscribers, causing the company’s beaten-down stock to soar. A.I. has already been used for years in the fastest-moving breaking newsrooms, including both the Bloomberg and Reuters newswires. Döpfner’s memo did not touch on those systems, which do not generate paragraphs of text as ChatGPT does but rather locate and publish financial figures, such as earnings in quarterly reports.

Still, Döpfner explained that he doesn’t believe A.I. will replace the entire profession of journalism, noting that exclusive, quality content “remains irreplaceable and is going to become even more critical to success for publishers” and that journalists will still be needed to help discern the “true motives” of people. The CEO added that investigative journalism, original commentary, and exclusive stories should be the focus of the profession moving forward. 

Despite his warnings about A.I., he clarified that editorial staff are not yet a part of Döpfner’s proposed staff cuts, and he said he is being “guided by a sense of fairness and humanity” as he rightsizes the media company’s workforce for a new era. 

“Understanding this change is essential to a publishing house’s future viability,” he wrote. “Only those who create the best original content will survive.”

The critics and calls for regulation

Nvidia CEO Jensen Huang argued last month that A.I. is at an “inflection point” after the release of OpenAI’s ChatGPT in November of last year. The buzzy new A.I. platform amassed 100 million users in just over two months, leading Microsoft to invest $10 billion in OpenAI and implement its tech into the Bing search engine.

After the move by Microsoft, companies worldwide now have a “a sense of urgency…to develop and deploy A.I. strategies,” according to Huang. And to his point, mentions of the word “A.I.” on corporate earnings calls surged 77% from a year ago this earnings season. 

But critics worry about the dark side of the A.I. revolution. A.I. systems are still far from perfect and have a tendency to simply make stuff up—something researchers have labeled “hallucination”—and we’re already seeing the real-world effects. 

A flood of article submissions created by ChatGPT that were riddled with errors forced the U.S. science fiction magazine Clarkesworld to stop accepting submissions last month; teachers across the country are scrambling to find new ways to detect A.I.-enabled cheating; and A.I.-generated voices have already captured positions from voice actors on YouTube and in some TV shows and movies.

Oh, and Allen & Overy, the seventh-largest law firm in the world, also just hired a new legal clerk, Harvey. He’s an A.I. bot that can help with due diligence, litigation, and compliance, and he’s going to be working in 43 offices simultaneously.

The prospect of job losses for Americans due to A.I. has some politicians, including Vermont Senator Bernie Sanders, arguing that the technology should be heavily taxed and regulated. 

“If workers are going to be replaced by robots, as will be the case in many industries, we’re going to need to adapt tax and regulatory policies to assure that the change does not simply become an excuse for race-to-the-bottom profiteering by multinational corporations,” Sanders wrote in his new book It’s OK to Be Angry About Capitalism.

Even the creator of OpenAI, Sam Altman, warned last month that A.I. is not far away from “potentially scary” capabilities. Altman worries “how people of the future will view us” if A.I. is allowed to expand unchecked, arguing that regulation “will be critical” as the technology rapidly integrates into society. But he noted that Pandora is already out of the box—the world will have to learn to “co-evolve.”

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Author
Will Daniel
By Will Daniel
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

‘I gave SpaceX less than a 10% chance of succeeding’: Elon Musk addresses Nasdaq ahead of SpaceX IPO
InvestingSpaceX
‘I gave SpaceX less than a 10% chance of succeeding’: Elon Musk addresses Nasdaq ahead of SpaceX IPO
By Catherina GioinoJune 12, 2026
43 minutes ago
Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls
EuropeSwitzerland
Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls
By Sam ForsdickJune 12, 2026
1 hour ago
Current price of Bitcoin for June 12, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for June 12, 2026
By Joseph HostetlerJune 12, 2026
2 hours ago
Current price of Ethereum for June 12, 2026
Personal FinanceEthereum
Current price of Ethereum for June 12, 2026
By Joseph HostetlerJune 12, 2026
2 hours ago
Top CD rates from major banks June 12, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on June 12, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 12, 2026
2 hours ago
Current price of gold as of June 12, 2026
Personal Financegold prices
Current price of gold as of June 12, 2026
By Danny BakstJune 12, 2026
2 hours ago

Most Popular

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
3 days ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
2 days ago
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
5 hours ago
Current price of oil as of June 11, 2026
Personal Finance
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
1 day ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
3 days ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.